Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$218,050$218,050$306,000
Remaining term (yrs)25.725.730.0
Secondary amount$0$87,950$0
Funding fee$1,090$1,090$0
Note rate5.230%5.230%7.400%
Blended rate5.230%6.314%7.640%
1st payment$1,283.75$1,283.75$2,118.68
2nd payment$0.00$659.63$0.00
Taxes / mo$273.67$273.67$273.67
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$61.20
HOA / mo$41.00$41.00$41.00
Total monthly$1,748.42$2,408.04$2,644.55
Cash to close$121,950$34,000$34,000